Property Loans SA

ABSA House Price Index [Apr 2012]

Bond Originator South Africa — Mon, 23 Apr 2012 08:13:01 +0000

The value of property in South Africa have been declining since 2011, and this house price deflation has continued into March 2012, that’s according to the April ABSA House Price Index. According to ABSA’s senior property analyst, Jacques du Toit, the average prices of: Small Houses (80 – 141 sqm) declined by 19.1% to R620 [...]

Foreigns Applying For Home Loans In SA Face Many Challenges

Bond Originator South Africa — Thu, 05 Apr 2012 09:11:32 +0000

image via flickr At first glance, it could seem as though securing home loans for foreigners is an almost impossible task, but equipped with the correct information your chances of getting the required property finance can increase ten fold. The tight lending criteria of our local banks, coupled with the additional requirements of the National [...]

Home Loans For Low Income Earners

Bond Originator South Africa — Thu, 15 Mar 2012 09:01:34 +0000

All the majors banks in South Africa now offer home loans for low income earners. These bonds are available to families who are unable to qualify for RDP houses, housing subsidies, or who were previously unable to meet the minimum requirements to secure a home loan from the bank. South Africa is currently experiencing a [...]

Benefits Of An Access Bond

Bond Originator South Africa — Mon, 12 Mar 2012 08:16:37 +0000

The benefits of an access bond has become so clear that most new home loan accounts are now access bonds too. The range of types of home loans available these days has grown tremendously, and all the major banks now offer Access Bonds. Basically, an access bond is a home loan that allows you to [...]

The Best Home Loan Deal Won’t Always Come From Your Own Bank

Bond Originator South Africa — Thu, 08 Mar 2012 10:58:19 +0000

When it comes to home loans, there is a common misconception that your own bank is going to give you the best deal. While it would makes sense for the major banks to offer their own clients better services and products, in reality this rarely occurs for new home loan applications. Each bank has its [...]

How the banks’ internal client rating affects your home loan application

Bond Originator South Africa — Wed, 07 Mar 2012 09:00:41 +0000

Each bank has a system set in place which grades individuals on how well their accounts are managed as a whole. The best grading is normally reserved for those clients who have obtained a healthy balance between having a few credit accounts, as opposed to those individuals servicing too many accounts. It is advisable to [...]

More 100% Home Loans Being Approved

Bond Originator South Africa — Mon, 27 Feb 2012 11:45:05 +0000

While the banks have done very little to relax their overall lending criteria, there has actual been an increase in the number of 100% bonds being granted by the banks. Two of the most common questions we are asked is: How much home loan can I qualify for? and, How can I secure a 100% [...]

What Is An Access Bond?

Bond Originator South Africa — Mon, 31 Oct 2011 11:19:06 +0000

Access Bonds are by far the most popular type of home loan currently available. An Access Bond is very much like an ordinary home loan except it has an added saving benefit attached to it. The savings portion of this type of home loan, allows you to pay extra funds into your bond, and still [...]

More Interest Rate Cuts Expected

Bond Originator South Africa — Thu, 27 Oct 2011 10:05:46 +0000

There are, currently, many positive signs for the future of the property market. Tony Clark, MD of Rawson Properties, believes that interest rates in South Africa are set to be cut even further. Clark adds that an interest rate cut of 0.5% will benefit the property market, perhaps far more than most people realise. Currently, [...]

How the most recent interest rate cut will affect your pocket.

Bond Originator South Africa — Tue, 12 Oct 2010 11:06:55 +0000

The South African Reserve Bank cut interest rates by 0.5% last month (sept) to bring the prime rate down to 9.5%. The cut was welcomed by many consumers and homeowners. A drop of 0.5% could translate to a huge saving over the full term of your bond. While, in the short term, it means more consumers are now better able to manage their monthly debt commitments. Here's how the most recent rate cut will affect your pocket...